Informes Mensuales

The outlook for the real estate sector after the elections

Octubre 2015
The elections are now around the corner and the opinion polls indicate that the situation has not changed substantially relative to the results of the primaries (the Paso).  Scioli appears to be stable in the upper 30s, which means that he is very close to obtain the 40% of the votes needed to have a chance to ...

A brief history of Argentina's devaluations and their effects on inflation and growth

Septiembre 2015
Throughout history, Argentina experienced several episodes of devaluation, understood as events where the exchange rate showed a significant discrete jump. Since the fifties, there were ten episodes of devaluation. This means that there was a devaluation, on average, every six years.

The politics take center stage: What’s in a Vice President?

Julio 2015
The big news was the announcement of the vice-presidential candidates in both tickets. While everybody knew that Cristina was going to appoint the one in Scioli’s ticket, and that the chosen would be someone who is ideologically close to her, everybody was surprised when it became known it was Carlos Zannini. He has...

Time to look at the opinions polls with an eye on the medium term outlook

Mayo 2015
The election season is now under full swing. Macri scored victories in the city de of Buenos Aires and in Mendoza, while Scioli is consolidating its leading position within the official Peronist party (FPV) that won in Rio Negro and in Salta. At the moment, it looks that the election is heading towards a two man rac...

Market optimism in spite of the challenges for the transition

Febrero 2015
As the Kirchner administration enters into its final year, the economic team appears to have made several strategic decisions that will have key effects on economic developments.  These decisions should be seen as part of a broad political agenda in which the Government’s main objective is to preserve its imag...